Next Plc Receives Buy Rating from Bank of America Corp. (NXT)
Next Plc (LON:NXT)‘s stock had its “buy” rating reiterated by analysts at Bank of America Corp. in a research report issued to clients and investors on Monday, Analyst Ratings Network reports. They currently have a GBX 5,750 ($92.10) target price on the stock. Bank of America Corp.’s price objective suggests a potential upside of 12.52% from the company’s current price.
A number of other firms have also recently commented on NXT. Analysts at UBS AG raised their price target on shares of Next Plc (LON:NXT) from GBX 4,880 ($78.17) to GBX 5,350 ($85.70) in a research note to investors on Thursday. They now have a “neutral” rating on the stock. Separately, analysts at Citigroup Inc. raised their price target on shares of Next Plc (LON:NXT) from GBX 5,650 ($90.50) to GBX 5,850 ($93.70) in a research note to investors on Friday, September 13th. They now have a “buy” rating on the stock. Finally, analysts at Numis Securities Ltd reiterated a “hold” rating on shares of Next Plc (LON:NXT) in a research note to investors on Friday, September 13th. They now have a GBX 5,250 ($84.09) price target on the stock.
Two equities research analysts have rated the stock with a sell rating, sixteen have given a hold rating and five have issued a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus target price of GBX 4,675.76 ($74.90).
Shares of Next Plc (LON:NXT) traded down 0.10% on Monday, hitting GBX 5110.00. 198,096 shares of the company’s stock traded hands. Next Plc has a 52-week low of GBX 3414.00 and a 52-week high of GBX 5255.00. The stock has a 50-day moving average of GBX 4992.77 and a 200-day moving average of GBX 4633.58. The company’s market cap is £7.687 billion.
Next plc is a United Kingdom based retailer offering products in clothing, footwear, accessories and home products.
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